Showing 1 - 10 of 116
model that predicts decreasing penalty structures will yield greater deterrence than increasing penalty structures. We find … for any given decision, being in a decreasing fine structure has a significant effect on deterrence. …
Persistent link: https://www.econbiz.de/10011272717
The paper reviews the recent evolution of leniency programs for cartels in the US and EU, surveys their theoretical economic analyses, and discusses the empirical and experimental evidence available, also looking briefly at related experiences of rewarding whistleblowers in other fields of law...
Persistent link: https://www.econbiz.de/10005662235
We estimate, using event study techniques, the impact of the main events in an antitrust investigation on a firm’s stock market value. A surprise inspection at the firm’s premises has a strong and statistically significant effect on the firm’s share price, with its cumulative average...
Persistent link: https://www.econbiz.de/10005662243
crime rates. In particular, the relationship between the traditional instruments of deterrence, namely intensification of …
Persistent link: https://www.econbiz.de/10005788890
We review current methods for calculating fines against cartels in the US and EU, and simulate their deterrence effects … deterrence effects before leniency programs were introduced. Previous simulations of the effects of fines ignore the different … type of deterrence that leniency programs bring about, and, therefore, grossly overstate the minimum fine likely to have …
Persistent link: https://www.econbiz.de/10005136460
deterrence) and guide the use to which innovation is put (marginal deterrence). We show that public intervention should become …
Persistent link: https://www.econbiz.de/10005000438
In this paper we test for the theory of deterrence. We exploit the natural experiment provided by the Collective … recommit a crime by 1.24 percent: this corroborates the general deterrence hypothesis. However, this effect depends on the time … the prison spell. This second result can be hardly reconciled with the specific deterrence hypothesis according to which a …
Persistent link: https://www.econbiz.de/10005067676
Does the death penalty save lives? A surge of recent interest in this question has yielded a series of papers purporting to show robust and precise estimates of a substantial deterrent effect of capital punishment. We assess the various approaches that have been used in this literature, testing...
Persistent link: https://www.econbiz.de/10005504776
distributed asymmetrically among firms. Asymmetry of the evidence can increase the cost of deterrence if the high-evidence firm …; this may increase the cost of deterrence. …
Persistent link: https://www.econbiz.de/10011083745
Deterrence of illegal activities is frequently carried out by many atomistic auditors (tax auditors, law enforcement … positive question. It proposes a game-theoretic model of decentralized deterrence and an empirical test, based on the …
Persistent link: https://www.econbiz.de/10011083887